This document provides a consistent approach to cost estimating policies and procedures including estimate quantification, estimating pricing, estimate review, estimate documentation, estimate communication, and management of estimate data. At the same time, it provides guidance on how to treat the common and recurring challenges encountered in the estimating process. The underlying estimate assumptions noted in this document are intended to apply to projects typical to Washington State Department of Transportation (WSDOT) experience. Assumptions should be adjusted as needed, utilizing sound professional judgment, in the case of unique projects or if project-specific conditions warrant. Larger, more complex projects should go through an alternative more extensive analysis commensurate with risk during the scoping phase to obtain a preferred alternative so that a more accurate cost estimate can be developed. |